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Angry Disney Shareholder Wants CEO Bob Chapek Voted Out

Many Disney fans have been angry by the soaring ticket prices and long lines at the theme parks. A group has bought into the companies stock and threatens to vote against CEO Bob Chapek at the re-election on March 9th at the annual shareholder meeting.

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Credit: D23

The angry fans took to Reddit to organize against re-election for Chapek. They have been complaining about the price rise of tickets, food and merchandise, and overall pricing at Walt Disney World and Disneyland. Many also say the overall customer service at the theme parks has gone down.

 

Related: Petition to Fire Bob Chapek Grows As We All Say Goodbye to Bob Iger

One Reddit user said:  “This is the most direct way to let Disney know if you are unhappy with his leadership, at least more so than complaining on Reddit or signing an online petition. It may seem insignificant, and will likely not be successful in removing him directly, but recall that Michael Eisner lost 43% of the vote in 2004 after Roy E. Disney lead a campaign to oust him and he was removed shortly thereafter. We can do this again.”

 

Some have said the magic is gone. Others have gone on to say you don’t want to go to a theme park to wait two hours for attractions. Many miss the FastPass+ system and think that is fairer to Guests instead of paying extra for Disney Genie+ and additional Lightning Lane attractions.

Related: Disney CEO Bob Chapek Wants to Bring Company Into Sports Betting Market

A shareholder called out Chapek’s 32.5 million dollars in compensation in 2021. Another said:  “I’ve become much less trustful of this company’s leadership. I voted against Paycheck and For all the shareholder topics the board doesn’t want you to vote for.”

There are still petitions to have Chapek fired, and some have even reached 95,000 signatures. It is clear what many Disney fans think, and some aren’t letting it go.

 

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